Update On PPP Forgiveness Reform – FREE Zoom Recording

I’ve been doing regular 40-minute free zoom sessions for my clients and colleagues for a few months now, mostly centering on questions concerning PPP & EIDL applications and forgiveness.

Today we did one on the recent big changes to the PPP forgiveness program, and many have asked me for the recording, so I decided to make it public — to assist them and others out there in getting the facts (well, at least the ones we know so far).

(You can download the mp4 here if you prefer to watch offline.)

The AICPA has come out with the best summary I’ve seen so far, which is what I chose to use in the zoom session as a reference — so if you don’t have 40 minutes handy, take a quick look at it instead (or in addition):

And of course, the inimitable Tony Nitty has gotten to the core of the issue by pointing out all the stuff we don’t know yet. His excellent analysis can be found at Forbes, as always.

More to come — hopefully soon, as I have many clients whose initial forgiveness period is about to come to a close, and we can only remain in a holding pattern for so long.


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4 thoughts on “Update On PPP Forgiveness Reform – FREE Zoom Recording”

  1. Hi, it’s me again. 😁 I am assuming none of these changes mean that the full 10 weeks worth of the loan can now be forgiven? It’s still 8 weeks worth of pay if you’re 1099 and the rest needs to be returned or repaid over time?

    1. We don’t know the answer to that yet, unfortunately! Watch the zoom and/or download the AICPA summary in the blog post above, and you’ll see it’s one of our biggest questions.

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